The fractional reserve Gold system is close to collapse now. Claims on physical gold exceed 100 times according to some sources. COMEX inventories are drained down, ABM Amro has defaulted on Gold delivery to its clients and JPMorgan Vault is almost empty. Grant Williams was one of the first to draw the real picture behind the recent Gold collapse and now these news are coming to the mass media.
http://sufiy.blogspot.co.uk/2013/08/gold-gone-germany-baffled-as-fed-bars.html#